Economists at TD Securities discuss the European Central Bank interest rate decision and their implications for“The text is similar to February, but removes the guidance for the next meeting, and simply says that the Governing Council ‘intends to raise rates further’, with data dependency the key driver of future hikes. When asked,clearly says that rates have further to rise, and that 25 or 50 is on the table for May . Beyond May, there's no clear signal other than data dependency.
in the global banking sector means the GC wants to take time to see the impact on the real economy, implying that financial markets are doing some of the ECB's work right now. EUR/USD +1.5%.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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